FDIC and FSA sign Memorandum of Understanding

26 June 2008

The MoU will provide formal information-sharing and contingency planning arrangements in connection with cross-border banking activities in the US and the UK.

The MoU will provide formal information-sharing and contingency planning arrangements in connection with cross-border banking activities in the US and the UK. It is designed to enhance the ongoing working relationship between the two authorities.

 

FDIC and FSA intend to enhance and strengthen their consultation and cooperation in mutually understanding the complexities inherent in cross-border banking operations by firms in the United States and United Kingdom.

 

Press release

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